David Weild IV, Father of the JOBS Act, Joins KoreConX Board of Advisors
Weild to deliver keynote at Securities Token Summit on June 11th in New York about the rise of tokenization of assets such as equity and debt for small to medium sized enterprises
New York, NY (June 11, 2018) – KoreConX, the first all-in-one business platform for small to medium-sized enterprises (SMEs), today announced the addition of David Weild IV to its board of advisors. Weild brings his expertise in working with regulators, Wall Street and government agencies on the transformational impact technology can have on the private sector.
Weild is a former Vice Chairman and executive committee member of The NASDAQ Stock Market and spent years running Wall Street investment banking and equity capital markets businesses. More popularly known as the “Father of the Jobs Act,” Weild’s co-authored studies have documented the long-term decline in equity capital formation in the United States providing core arguments that gave rise to the JOBS Act being signed by President Obama in April 2012.
“Having worked with KoreConX co-founders, Oscar Jofre and Jason Futko, when formulating the JOBS Act, they are honorable, committed and respect regulation — taking zero shortcuts. The passion this team has about improving support for SMEs through innovation, similar to Weild & Co., will contribute greatly to the economy,” said David Weild IV, Founder, Chairman and CEO of Weild & Co.
David was also recently asked to author a study for the Organization of Economic Cooperation and Development (OECD) which was entitled, “Making Stock Markets Work to Support Economic Growth” and presented in April 2013 in draft form to the 35 member nations of the OECD, IOSCO and the European Commission. The U.S. Treasury and SEC were in attendance. He later presented the final version at a meeting in June that included the CEO of the World Federation of Exchanges where it was generally agreed, as Weild and Kim have maintained, that structural changes to stock markets have caused the global decline in capital formation for small companies.
“We are honored to have David Weild as part of the KoreConX journey in revolutionizing the global private company capital markets, his vast knowledge of the private capital markets formation is crucial to the overall success of our company, said Oscar Jofre, co-founder and CEO of KoreConX. He joins a group of advisors that understands how the current tokenized world is broken and damaged, and that KoreConX is the disruptor to clean it up.”
David holds an MBA from the Stern School of Business and a BA from Wesleyan University. He studied on exchange at The Sorbonne, Ecole des Haute Etudes Commerciales and The Stockholm School of Economics. In addition to his role as an Advisor for KoreConX, he is also Chairman of the Board of Tuesday’s Children, the 9/11 charity.
Security Token Summit — Kickoff Event, June 11, 2018, from 7-9 PM ET. Register here: https://www.eventbrite.com/e/security-token-nyc-meetup-kickoff-event-tickets-46541665374
KoreConX is the first secure, all-in-one platform for private companies to manage their capital market activity and stakeholder communications. Removing the burden of fragmented systems and inefficient tools across multiple vendors, KoreConX offers a single environment to connect companies, investors and broker/dealers. Leveraged for investor relations and fundraising, private companies can share and manage corporate records and investments including portfolio management, capitalization table management, virtual minute book, security registers, transfer agent services and virtual deal rooms for raising capital. Register your company with KoreConX for FREE www.koreconx.com.